Business
Emlak Konut Says It Completes Tender For Atasehir Kucukbakkalkoy Project, With Sales At 30.02 Bln Lira And Company Share At 13.51 Bln Lira
Emlak Konut Says It Completes Tender For Atasehir Kucukbakkalkoy Project, With Sales At 30.02 Bln Lira And Company Share At 13.51 Bln Lira
About this update from Emlak Konut Gayrimenkul Yatirim Ortakligi A.s. 0 % Certificates 2025-31.12.2199
EMLAK KONUT GAYRİMENKUL YATIRIM ORTAKLIĞI BIST:DMLKT:SAID ON FRIDAY IT COMPLETES THE RENEWED TENDER FOR ISTANBUL ATAŞEHIR KÜÇÜKBAKKALKÖY LAND SALE WITH REVENUE SHARING PROJECT, CONDUCTED UNDER COOPERATION PROTOCOL SIGNED WITH FENERBAHÇE SPORTS CLUB AND AKFIN REAL ESTATE VALUATION PROJECT'S TOTAL SALES REVENUE REACHED 30.02 BILLION LIRA WHILE COMPANY REVENUE SHARE RATIO WAS SET AT 45%, CORRESPONDING TO A TOTAL COMPANY REVENUE SHARE OF 13.51 BILLION LIRA4.06 BILLION LIRA OF THIS AMOUNT IS EXPECTED TO BE COLLECTED AS AN UPFRONT PAYMENT FOLLOWING CONTRACT SIGNING, PROVIDING STRONG AND RISK‑FREE INITIAL FINANCING FOR BOTH COMPANY AND LANDOWNER STAKEHOLDERGUARANTEED MINIMUM COMPANY REVENUE OF 13.51 BILLION LIRA, SECURED UNDER EMLAK KONUT GYO ASSURANCE, MAY INCREASE DEPENDING ON PROJECT'S TOTAL SALES PERFORMANCE ANY ADDITIONAL REVENUE GENERATED ABOVE BASE LEVEL WILL BE REFLECTED IN PROJECT ACCOUNT BASED ON 45% COMPANY SHAREREVENUE DISTRIBUTION WILL FOLLOW PREVIOUSLY ANNOUNCED PRINCIPLES, WITH 80% ALLOCATED TO LANDOWNERS AND 20% TO THE COMPANY Source text for Workspace: Further company coverage: